The Truth is out

Discussion in 'Wall St. News' started by Banjo, Jun 19, 2005.

  1. Banjo


  2. toc


    To add insult to injury, the hedge funds charge 20% of the incentive plus 2% of management and yet only average 1-2% above the mutuals if looking at an average basis.
  3. Well don't invest in a hedge fund that charges 20% management fees. Say what you want to say but Vanguard isn't half bad.
  4. mhashe





    Bogle's reputation was built on low-cost index funds. Active fund managers hate index funds because there's not enough "vigorish" in index funds. For example, in 2004 the $101 billion Vanguard 500 Index Fund (VFINX: news, chart, profile) received almost $180 million in operating fees. Shareholders in the actively managed Fidelity Magellan (FMAGX: news, chart, profile) paid almost $400 million in expenses on $57 billion in assets. And yet Vanguard's 10.7% return beat Magellan's 7.5% in 20


    Best bet is learn to manage your own money. It's not rocket science.
  5. Banjo


  6. the hedge fund bubble will burst. darwin`s theory@‚‚†@evolution will prevail!
  7. The fact of the matter is that even with charging the fees they still beat mutual funds, thats why they can charge the fees.